Property Accountant

Job Description: Real Estate Accountant (Traditional Property Accounting & REIT Experience) Key Responsibilities:

1. Property Accounting:

• Maintain accurate and complete financial records for individual real estate properties.
• Prepare monthly, quarterly, and annual financial reports, including income statements, balance sheets, and cash flow statements.
• Record and reconcile all property-related financial transactions, such as rents, leases, and operating expenses.
• Manage accounts payable and receivable processes specific to real estate assets.

1. REIT-Specific Accounting:

• Ensure compliance with REIT-specific accounting regulations and tax requirements.
• Assist in the preparation of financial statements and SEC filings, including 10-Ks and 10-Qs.
• Monitor and manage REIT compliance tests, such as income and asset tests.

1. Budgeting & Forecasting:

• Collaborate with property managers to develop annual budgets and forecasts.
• Analyze budget variances and recommend cost-saving measures where necessary.

• Education: Bachelor’s degree in Accounting, Finance, or a related field. CPA certification is highly preferred.
• Experience:
• Minimum of 5 years in traditional real estate property accounting.
• Solid experience with REITs and a strong understanding of their unique accounting and compliance needs.
• Skills:
• Proficiency in accounting software (e.g., Yardi, MRI, or similar) and advanced Excel skills.
• Strong analytical and problem-solving abilities.
• Excellent organizational skills and attention to detail.
• Effective communication and teamwork capabilities.